I agree with you, There are many options available.
Tell us more. What kind of small business??
Are you preparing a business plan??
The more you share with us, the better our answers.
Good luck, LUCKIEST
Agreed. There are many options out there. We need to know a bit more to really give you the help you need to start up your small business.
You could go for more traditional means of raising funds (loans) or newer/riskier ways that can show some good returns if you have the right network (crowdfunding).
First off, tell us what your small business is.
Hi there ,
Congratulations on the idea of starting your own business.Thats what we need to get the economy moving.Firstly have a serious think about what exactly you need the finance for.Can you start thw business from home without taking out any loans or credit , i know its unlikely that you wont need anything but if there is a way to do it without credit that may give you one less thing to worry about.
Your options for a startup business are, actually, limited. Most banks and private lenders do not lend to startups - unless those startups have tons of assets, great cash flow and for the most part profitability.
If you are seeking a bank loan - you might want to put that on a back burner. There are alternative lenders that will fund against cash flow - provided that you have been in business for a bit and have some cash flow. There are, depending on how much you are seeking, micro lenders that will lend up to $35,000 for startup businesses. But, these take time to fund and usually require solid credit histories - they are actually more like personal loans than business loans.
There are asset based lenders that will lend against future cash events - thus, if you have accounts receivables or purchase orders from solid customers - then these lenders will provide short-term working capital to help you complete those jobs/orders.
We have more infromation and a searchable database on our site for these options.
Most startups are self-funded - where the business owners uses personal resources to either self-fund or seek personal loans. It is just the nature of the beast - unless, you already have credit, collateral and cash flow.